In 2020-21, a taxpayer makes a number of disposals, as listed below. Which of these disposals would
Question:
In 2020-21, a taxpayer makes a number of disposals, as listed below. Which of these disposals would be exempt from CGT?
(a) An antique table sold for £5,000.
(b) A watercolour painting sold at auction. The auctioneer deducted his 10% commission from the selling price and sent the taxpayer a cheque for the remaining £5,670.
(c) A holding of shares sold for £4,500.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a The antique table is a chattel disposed of for 6000 or less Therefore the disposal is ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
